According to PANews, Mark Carney has been re-elected as Canada's Prime Minister, defeating pro-Bitcoin candidate Pierre Poilievre. Carney, known for his critical stance on Bitcoin, argues that it is not a reliable store of value and has limited functionality as a currency. He advocates for the issuance of a central bank digital currency (CBDC) to enhance the stability of the financial system. This development suggests that Canada may adopt a more cautious approach to cryptocurrency policies, prioritizing the development of CBDCs while imposing stricter regulations on decentralized finance and crypto assets.
Previously, it was reported that Prime Minister Mark Carney, leading the Liberal Party, won the 2025 Canadian election. The former Governor of the Bank of England is recognized for his cautious and critical view on Bitcoin and has pledged to position Canada as a leader in emerging technologies.
